139 to 144 Lichfield Street Walsall West Midlands WS1 1SE

  • 139 to 144 Lichfield Street<br>Walsall<br>West Midlands<br>WS1 1SE

139 to 144 Lichfield Street
Walsall
West Midlands
WS1 1SE

Freehold Office with Residential Development Consent

  • Planning Permission granted for development of 13 Residential Flats
  • Town centre location directly opposite Walsall Town Hall
  • 100m from Old Square Shopping Centre, 250m from Saddlers Shopping Centre and 350m from Walsall Train Station
  • Nearby Occupiers include Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic Mix of local retailers
  • Lot
    29
  • Auction
    12th December 2024
  • Vacant Possession
  • Status
    Available
  • Guide*
    £300,000
  • Auction Venue
    Live Streamed Auction
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Freehold Office with Residential Development Consent

  • Planning Permission granted for development of 13 Residential Flats
  • Town centre location directly opposite Walsall Town Hall
  • 100m from Old Square Shopping Centre, 250m from Saddlers Shopping Centre and 350m from Walsall Train Station
  • Nearby Occupiers include Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic Mix of local retailers
  • Lot 29
  • Auction 12th December 2024
  • Vacant Possession
  • Status Available
  • Guide* £300,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
8 miles north-west of central Birmingham, 9 miles north-east of Dudley
Roads
A34, A41448, A454, M6 (Junction 10)
Rail
Walsall Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated in the heart of the town centre, on the south side of Lichfield Street, close to its junction with Bridge Street and directly opposite Walsall Town Hall.
Old Square Shopping Centre, Saddlers Shopping Centre, Walsall Swimming & Fitness Centre and Walsall Railway Station are all nearby with other neighbouring occupiers including Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers.

Tenure

Freehold.

Location
Miles
8 miles north-west of central Birmingham, 9 miles north-east of Dudley
Roads
A34, A41448, A454, M6 (Junction 10)
Rail
Walsall Railway Station
Air
Birmingham International Airport
Situation

The property is prominently situated in the heart of the town centre, on the south side of Lichfield Street, close to its junction with Bridge Street and directly opposite Walsall Town Hall.
Old Square Shopping Centre, Saddlers Shopping Centre, Walsall Swimming & Fitness Centre and Walsall Railway Station are all nearby with other neighbouring occupiers including Boots, JD Wetherspoon, New Look, Co-Op, Primark and an eclectic mix of local retailers.

Tenure

Freehold.

Description

The property comprises office accommodation on the first and second floor with separate access from Lichfield Street. The ground floor commercial unit is subject to a 999 year leasehold interest which is being offered for sale separately as Lot 28.

The property may benefit from further development by way of an additional floor, subject to consents.

The property also benefits from a rear service yard and car parking for approximately 15 cars.

VAT

VAT is not applicable to this lot.

Planning

Planning consent has been granted by Walsall Council under planning reference number 23/1147 for the "Conversion of existing vacant building, and façade refurbishment to create 13 no apartments at first and second floor, 2 no retail units at ground floor including rear open space, cycle storage and bin stores."

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises office accommodation on the first and second floor with separate access from Lichfield Street. The ground floor commercial unit is subject to a 999 year leasehold interest which is being offered for sale separately as Lot 28.

The property may benefit from further development by way of an additional floor, subject to consents.

The property also benefits from a rear service yard and car parking for approximately 15 cars.

VAT

VAT is not applicable to this lot.

Planning

Planning consent has been granted by Walsall Council under planning reference number 23/1147 for the "Conversion of existing vacant building, and façade refurbishment to create 13 no apartments at first and second floor, 2 no retail units at ground floor including rear open space, cycle storage and bin stores."

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x.
First
Second
Office
401.70
389.50
(4,324)
(4,193)
- -
Vacant Possesion
Ground
Basement
Commercial Unit
449.50
131.10
(4,838)
(1.411)
Individual 999 years from completion of sale
Peppercorn
Total Approximate Floor Area  
1371.80
(14,767)
     

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Anjali SawaliAnjali Sawali +44 (0)20 7034 4854 +44 (0)7854 316 621anjali.sawali@acuitus.co.uk
Seller's Solicitors
SBP Law Glade House 52-54 Carter Lane
London
EC4V 5EF
Timothy Milton 020 7332 2222tmilton@sbplaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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